The key findings are that DC appears to have gone through its growing pains, has left home and is now facing the future with confidence. But, as no future is certain, it is still learning and developing.
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About this Survey
Defined contribution pension provision in the UK has gone through many life stages. Arguably, perhaps understandably, it was conceived and born without too much knowledge or recognition of what “good DC” looked like. In its early years it learnt to walk, rapidly evolving with a focus on contribution design and delivery, including administration and basic investment options. In its adolescent years there was an emphasis on “making DC better”, particularly by improving governance, investment and member understanding and putting in place default approaches in various areas to reduce the need for complex decision making. It has now left home, leaving behind its defined benefit parents and making its own way in the world.
This year’s survey results show that leading schemes are rising to the challenge and beginning to differentiate in areas that will make delivering long-term sustainable retirement outcomes might be better a real possibility.
We believe this survey report to be the market leader in giving the clearest representation of DC pension provision in the UK. Whilst the results are based on information from some of the largest publicly quoted companies in the country, they are relevant to any employer with a DC pension arrangement.
This report covers only the headline results but the underlying data, and our other comprehensive resources, allows us to benchmark and compare DC schemes by industry sector, size and type of scheme.
In this summary report, we have focussed on current and emerging issues through the following five sections:
Table of Contents
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01
Plan design
The ongoing evolution of plan design and delivery of DC.
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02
Executive DC pensions
The impact of the Corporate Governance Code on pensions for senior executives.
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03
Investment
The incorporation of ESG into investment strategies.
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04
Technology
The development of technologies to support the delivery and management of DC pension arrangements.
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05
At retirement
How to support members with their “at retirement” choices.
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| Title | File Type | File Size |
|---|---|---|
| FTSE 350 DC Pension Survey 2019 - Rising to the challenge | 2.5 MB | |
| DC FTSE 350 Survey 2019: Webcast pulse survey results | .5 MB |
